Sunrise brief: It’s unanimous–U.S. renewable market most attractive to investors
Also on the rise: By 2035 IRA will drive $200 billion in solar wages. Three ways states can fix interconnection of distributed solar and storage. And more.
Renewable energy investors unanimously deem U.S. market attractive
In a survey, 100% of investors and developers see increasing investment opportunity in the U.S. renewable energy market when compared to other major countries.
Spearmint Energy secures $200 million loan to develop storage in Texas
The credit facility with Aiga Capital Partners will enable the development of Spearmint’s BESS portfolio in the Texas ERCOT market.
SEIA receives accreditation to develop solar industry standards
The Solar Energy Industries Association is now approved by the American National Standards Institute to develop national standards for U.S. solar and storage.
Form Energy to deploy 100-hour iron-air battery system in Georgia
Georgia Power has more than 850 MW of active energy storage projects under development or in operation across its service territory.
IRA equals consolidation, diversification
The funds flowing from the U.S. Inflation Reduction Act (IRA) could prompt solar installers to diversify their offerings to homeowners. The IRA may also lead to consolidation among solar equipment manufacturers, writes Jessica Fishman, a clean energy marketing professional.
By 2035 IRA will drive $200 billion in solar wages
A new report by Dartmouth and Princeton University found that solar and wind project developers stand to reap significant cost savings by using U.S.-manufactured components and paying workers fair wages, thanks to investments tied to the Inflation Reduction Act.
Three ways states can fix interconnection of distributed solar and storage
States can remedy inadequate hosting capacity for distributed solar and storage, unfairly high interconnection costs for some projects, and other interconnection barriers, a consulting firm concluded.
Sunrise brief: DOE loans $850 million for Arizona battery manufacturing
Also on the rise: Goats perform O&M at Oregon community solar project. Solar recycling/remanufacturing plant in Tennessee. And more.
California grid may fall 20% short in meeting 100% EV goal
Assuming all other residential electricity consumption remains flat—a trend ongoing since 2006—the report’s calculations find that California will require a 20.2% expansion of electricity generation, from nearly 280 TWh to an estimated over 336 TWh to meet its EV mandates and additional charging required by 2045.
